tag:blogger.com,1999:blog-32389086392818745802024-02-20T06:20:30.364-06:00PAC ChicagoWelcome! We are Pratt-Ashland Coop, an affordable housing cooperative in Rogers Park, Chicago. Looking for affordable housing or know someone who is? Curious about coops? Read on and <a href="mailto:pac.chicago@gmail.com">Email us</a> for information.PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3238908639281874580.post-35302375786489799012019-03-25T21:04:00.000-05:002019-03-25T21:04:17.339-05:00<div>
The Member Share Price varies based on individual member's initial membership amount, which includes 7% annual interest. Please email the PAC at <a href="mailto:pac.chicago@gmail.com">pac.chicago@gmail.com</a> or call 847-424-5592 to learn more about becoming a PAC member.</div>
PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-70992690974333130222018-03-02T14:54:00.001-06:002019-03-25T21:08:06.647-05:00<div dir="ltr" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">
<span style="font-size: medium;">Dear friend,</span></div>
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<span style="font-size: medium;">Thank you for visiting our site!</span></div>
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<span style="font-size: medium;">Currently, we have a full waitlist. At this time, we are not scheduling membership classes. </span></div>
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<span style="font-size: medium;">Please note that the class is the first step towards PAC Membership and we do not give tours prior to the class attendance. Please call 847-424-5592 every few months to inquire about a future class date, or read more about membership here on our blog.</span></div>
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<span style="font-size: medium;">Thank you!<b> </b></span></div>
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<span style="font-size: medium;">Warmly,</span></div>
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<span style="font-size: medium;">Pratt Ashland Coop </span></div>
PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-7914390844097737092017-02-02T15:03:00.000-06:002019-03-25T21:13:51.888-05:00<div style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin-bottom: 6px;">
Welcome! </div>
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If you're looking to move to an affordable and community-oriented housing option in Rogers Park, consider our coop. We have 1, 2 and 3 bedroom units.<br />
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At the PAC, we know and interact with our neighbors, unlike many renters. Unlike market rate coops, our membership share amounts are affordable; $2-6k down, plus a monthly housing charge well below market rate. <br />
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Our units are sunny and spacious, with beautiful wood floors and trim (1 unit has carpet). Shared laundry in basement. Shared garden and backyard for grilling. We are conveniently located a few blocks from the CTA Red Line and a 10-min walk to the Metra.<br />
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Potential members must attend a membership class and participate in a screening process. The PAC is a diverse community of caring neighbors. We would love to add you to our community.<br />
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If interested, please read more about how the PAC operates, then send an email to pac.chicago@gmail.com.</div>
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PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-17285916304222499182016-08-19T12:19:00.002-05:002019-03-25T21:19:11.785-05:00Join the PAC! The Pratt-Ashland Cooperative is a limited equity housing co-op in East Rogers Park. The members of the PAC enjoy shared ownership, a strong sense of community, lovely individual living spaces and convenience to public transit, shops and the lake. Please review this blog for more info on the steps to PAC membership and call: 847-424-5592 or email: pac.chicago@gmail.com for more info.PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-51845596176871461752007-05-12T10:55:00.000-05:002019-03-25T21:27:35.373-05:00About the PAC<span style="font-size: 100%;"><p:colorscheme colors="#ffffff,#000000,#808080,#000000,#bbe0e3,#333399,#009999,#99cc00"></p:colorscheme></span><span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;"><span style="font-size: 100%;">The Pratt-Ashland Cooperative (PAC) was established in 1995 to allow low- to moderate- income families the opportunity of owning their home. We are a 22-unit apartment building located in Rogers Park.<br /><br />The</span> building is cooperatively owned and we all have our own apartments. Membership in the Pratt-Ashland <span class="st" id="st" name="st">Co</span>-<span class="st" id="st" name="st">op</span> is an extremely affordable way to be a home owner: you buy in at a share price ranging from approximately $2,500 - $6,000 and then you pay a monthly housing charge that covers all building maintenance and your portion of the mortgage on the whole building. Combine that with convenient access to CTA red line, Clark bus, Metra, and THE BEACH, and it’s a great setup.<br /><br />Pratt-Ashland is an affordable limited equity cooperative. The residents collectively have ownership and control building over their building. Intro to Cooperative class available to all new applicants.<br /><span style="font-weight: bold;"><br />GENERAL FEATURES</span></span><span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;"> </span><br />
<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Small pets are welcome<br /><script><!-- D(["mb","\n \u003cbr\>\nLow buy-in cost .$$$$\u003cbr\>\n\u003c/b\> \u003cWBR\> \u003cWBR\> \u003cbr\>\nFor more information please contact the PAC Recruiting Committee at 312 458-9448 \u003cbr\>\n\u003cbr\>\n-Nicole\u003c/span\>\u003c/font\>\n\u003c/div\>\n\n\n",0] ); D(["ce"]); //</script></span><br />
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Child Friendly and Involved Neighbors<br />
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Community Oriented<br />
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7% Annual Interest on your Ownership Share<br />
<b><br /></b><span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;"><span style="font-weight: bold;"><br />BUILDING FEATURES:</span></span><span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;"><b><br /></b>Vintage Building</span><br />
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<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Community Garden and back yard space</span><br />
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<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Bike room</span><br />
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<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Cable Ready and Heat Included<br /> </span><br />
<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Decorative Fireplaces (most units) & Back Porches<br /> </span><br />
<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Hardwood Floor (most units) and plenty of Closet Space<br /> </span><br />
<span style="font-family: "verdana" , "helvetica" , "arial"; font-size: 100%;">Laundry Facilities<br /><br />Close to Public Transportation, Schools, & Lakefront</span><span style="font-family: "arial"; font-size: 100%;"><span style="color: rgb(0 , 102 , 0); font-weight: bold;"> </span></span><br />
<br />PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-60723528993052912632007-05-12T10:22:00.000-05:002019-03-25T21:39:56.567-05:006 Steps to PAC Membership<span style="font-family: arial; font-size: 100%;"><p:colorscheme colors="#ffffff,#000000,#808080,#000000,#bbe0e3,#333399,#009999,#99cc00">Becoming a member of the PAC is not difficult, but not a quick process either. We want to be sure that you understand what cooperative housing entails, and that you are a good fit with our community. That is why we have this membership process.</p:colorscheme></span><span style="font-size: 100%;"><p:colorscheme colors="#ffffff,#000000,#808080,#000000,#bbe0e3,#333399,#009999,#99cc00"><span style="font-style: italic; font-weight: bold;"><br /><br />Introductory Class.</span> If you are interested in more information about cooperative housing, you must attend an Intro to Co-op class. After completion of the class, you will receive a certificate and be placed on the </p:colorscheme></span><span style="font-size: 100%;">PAC Wait List<span style="font-style: italic; font-weight: bold;"><br /></span></span><br />
<span style="font-size: 100%;"><span style="font-style: italic; font-weight: bold;"><br />Background and Credit Checks.</span><span style="font-weight: bold;"> </span>Our management company will facilitate this check and approve your status for continuing in the application process. The cost for a credit check is $50 (single) and $90 for a family.</span><span style="font-size: 100%;"><span style="font-style: italic; font-weight: bold;"> </span>Every applicant over the age of 18 must complete a background ad credit check.<span style="font-style: italic; font-weight: bold;"><br /><br />Board Review.</span><span style="font-weight: bold;"> </span>Following steps one and two, the board will meet in order to review the application and approve scheduling the Home visit.</span><span style="font-size: 100%;"><span style="font-style: italic;"><span style="font-weight: bold;"><br /><br />Home Visit from Board. </span></span>At least two members of the board will visit your current residence. This is a scheduled "surprise visit." You will know generally when they will arrive, but not specifically the date and time.</span><span style="font-size: 100%;"><span style="font-style: italic;"><span style="font-weight: bold;"><br /><br />Interview with Current Membership. </span></span>This is your interview with current members. We will ask you questions and then circulate your responses to all PAC members who vote on member selection.</span><span style="font-size: 100%;"><span style="font-style: italic;"><span style="font-weight: bold;"><br /><br />Membership Vote. </span></span>Every unit gets one vote on your membership into the PAC. Most likely if you've made it this far then things are looking good for PAC membership.</span><span style="font-family: "arial";">Congratulations! Completing these steps will make you a PAC member. The only thing left is to determine a move in date and to pay your first membership fee into the community. Welcome to the PAC!</span><br />
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<a href="mailto:pac.chicago@gmail.com" style="color: rgb(0 , 102 , 0); font-family: "arial"; font-weight: bold;">Email the PAC</a><span style="color: rgb(0 , 102 , 0);"> or call the recruitment committee at 847-424-5592.</span>PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.comtag:blogger.com,1999:blog-3238908639281874580.post-51497637717838562362007-05-08T22:53:00.000-05:002019-03-25T21:40:39.619-05:00What is a Co-op?<span style="font-size: 100%;"><p:colorscheme colors="#ffffff,#000000,#808080,#000000,#bbe0e3,#333399,#009999,#99cc00"></p:colorscheme></span><span style="font-family: arial; font-size: 100%;">Housing Cooperatives, or co-ops, are a form of shared home ownership in multi unit buildings. The cooperative is owned by all the members jointly. Members of the cooperative buy a share of ownership that gives them rights to one unit. Share prices vary depending on the size of the unit. </span><br />
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<span style="font-family: arial; font-size: 100%;"><b>Co-op versus Condo? </b></span><span style="font-family: arial; font-size: 100%;">There are many legal distinctions but the biggest difference is in the financing. A co-op is financed as one property (or association), which allows for lower costs, and members own a share of the association that gives them rights to occupy their individual unit, and one vote concerning cooperative business decisions. In a condo, each unit is owned and financed individually.<span style="color: rgb(0 , 102 , 0); font-weight: bold;"> </span></span><br />
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<span style="font-family: arial; font-size: 100%;"><a href="mailto:pac.chicago@gmail.com" style="color: #006600; font-weight: bold;">Email the PAC</a><span style="color: rgb(0 , 102 , 0); font-weight: bold;"> or call the recruitment committee at 847-424-5592.</span></span></div>
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PAC Chicagohttp://www.blogger.com/profile/04110045296258214368noreply@blogger.com